Common use of Tenant’s Authority Clause in Contracts

Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (i) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (ii) This Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iii) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s organization and has full power and authority to enter into this Lease, to perform Tenant’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (iv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 17 contracts

Samples: Lease Agreement (Power REIT), Lease Agreement (Millennium Investment & Acquisition Co Inc.), Lease Agreement (Power REIT)

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Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (i) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (ii) This Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iii) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s 's organization and has full power and authority to enter into this Lease, to perform Tenant’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (iv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 2 contracts

Samples: Commercial Lease Agreement, Lease Agreement (Aerobic Creations, Inc.)

Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant (and, individually each party executing this Lease on behalf of Tenant), intending that Landlord rely thereon, represents and warrants to Landlord that: (i) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (ii) This Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iii) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s organization and has full power and authority to enter into this Lease, to perform Tenant’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (iv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 2 contracts

Samples: Lease Agreement (Website Pros Inc), Lease Agreement (Website Pros Inc)

Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (ia) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (iib) This Lease constitutes constitute a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iiic) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s 's organization and has full power and authority to enter into this Lease, to perform Tenant’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (ivd) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant Xxxxxx is not in conflict with Tenant’s Xxxxxx's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 2 contracts

Samples: Commercial Lease Agreement, Commercial Lease Agreement

Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (i) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (ii) This Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iii) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s 's organization and has full power and authority to enter into this Lease, to perform Tenant’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (iv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s obligation 's obligations under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement

Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (i) Tenant Txxxxx and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (ii) This Lease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iii) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s organization and has full power and authority to enter into this Lease, to perform Tenant’s obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (iv) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant Txxxxx is not in conflict with TenantTxxxxx’s bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement (Power REIT)

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Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (ia) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (iib) This Lease constitutes constitute a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iiic) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s 's organization and has full power and authority to enter into this Lease, to perform Tenant’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (ivd) The execution of this Lease by the individual or individuals executing this Lease on behalf of Tenant, and the performance by Tenant of Tenant’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement

Tenant’s Authority. As a material inducement to Landlord to enter into this LeaseSublease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (i) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease Sublease on behalf of Tenant and to deliver this Lease Sublease to Landlord; (ii) This Lease Sublease constitutes a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this LeaseSublease; (iii) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s 's organization and has full power and authority to enter into this LeaseSublease, to perform Tenant’s 's obligations under this Lease Sublease in accordance with the terms of this LeaseSublease, and to transact business in the state in which the Premises are located; and (iv) The execution of this Lease Sublease by the individual or individuals executing this Lease Sublease on behalf of Tenant, and the performance by Tenant of Tenant’s 's obligation under this LeaseSublease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease Sublease by Tenant is not in conflict with Tenant’s 's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership)incorporation, and other charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Sublease Agreement (A21 Inc)

Tenant’s Authority. As a material inducement to Landlord to enter into this Lease, Tenant, intending that Landlord rely thereon, represents and warrants to Landlord that: (ia) Tenant and the party executing on behalf of Tenant are fully and properly authorized to execute and enter into this Lease on behalf of Tenant and to deliver this Lease to Landlord; (iib) This Lease constitutes constitute a valid and binding obligation of Tenant, enforceable against Tenant in accordance with the terms of this Lease; (iiic) Tenant is duly organized, validly existing and in good standing under the laws of the state of Tenant’s 's organization and has full power and authority to enter into this Lease, to perform Tenant’s 's obligations under this Lease in accordance with the terms of this Lease, and to transact business in the state in which the Premises are located; and (ivd) The execution of this Lease by the individual or individuals executing this Lease on behalf of TenantXxxxxx, and the performance by Tenant Xxxxxx of Tenant’s 's obligation under this Lease, have been duly authorized and approved by all necessary corporate or partnership action, as the case may be, and the execution, delivery and performance of this Lease by Tenant Xxxxxx is not in conflict with Tenant’s Xxxxxx's bylaws or articles of incorporation (if a corporation), agreement of partnership (if a partnership), and other charters, agreements, rules or regulations governing Tenant’s 's business as any of the foregoing may have been supplemented or amended in any manner.

Appears in 1 contract

Samples: Lease Agreement

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